University of North Florida
Board of Trustees
Executive Committee

Trustees in Attendance

Trustees Absent

None

Other Trustees Present

Mr. Justin Damiano, Mr. Wilfredo Gonzalez, Mrs. Joan Newton

Chair Taylor called the meeting of the Executive Committee to order and reminded committee members that the purpose of this meeting was to finalize President Delaney’s annual evaluation and discuss a salary recommendation for 2006-2007, to include a bonus recommendation for the 2005-2006 year.

Chair Taylor distributed a copy of the proposed Presidential Evaluation document and opened the floor for discussion and comment. Following discussion of the presidential evaluation form, there was agreement that Chair Taylor would consider comments from this meeting and finalize President Delaney’s written evaluation as he deemed appropriate.

The Executive Committee then moved into a discussion of President Delaney’s overall compensation and its recommendation for a performance bonus for the 2005-2006 year. The Executive Committee first considered President Delaney’s overall compensation and agreed that it would recommend to the Board that President Delaney’s overall compensation structure for 2006-2007 remain the same. The Executive Committee then moved into a discussion of a performance bonus and agreed that given President Delaney’s excellent performance this past year, it would recommend to the full Board a performance bonus of approximately 92% of the maximum allowable under President Delaney’s contract.